Any organization can be a target of a cyber-attack, including well-established law firms.
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"Specialty Insurance Blog" - 5 new articles

  1. Law Firm Data Breach
  2. The Impact of Cyber Attacks on Cyber Risk Insurance
  3. Business Interruption is a Critical Component of Cyber Risk Insurance
  4. Insurance Agents/Brokers – Risk Management Matters
  5. Ransomware Perfect Storm

Law Firm Data Breach

Any organization can be a target of a cyber-attack, including well-established law firms.
     

The Impact of Cyber Attacks on Cyber Risk Insurance

The surge in cyber attacks is impacting Cyber Risk Insurance pricing and underwriting now, leading to higher prices for SMBs (small and medium-sized businesses). The future will bring continued rate increases and tightening underwriting, but some level of competition as well.
     

Business Interruption is a Critical Component of Cyber Risk Insurance

Business interruption coverage is a standard coverage part in comprehensive Cyber Risk Insurance policies and has become a critical financial protection from ransomware attacks. A Cyber Risk Insurance policy with robust business interruption coverage is an essential protection.
     

Insurance Agents/Brokers – Risk Management Matters

For insurance agents & brokers, a recent case highlights the importance of good risk management procedures, particularly documenting a thorough process. Agents and brokers risk management can provide protection from claims, and reduce an agency’s E&O insurance premiums.
     

Ransomware Perfect Storm

Ransomware attacks are up and are creating challenges for SMBs and for their Cyber Risk Insurers. And we may be facing a perfect storm for continued ransomware attacks. Proactive steps to reduce exposures combined with Cyber Risk Insurance can greatly reduce financial and operational exposure to cyber risks – make sure you have the right Cyber Risk Insurance.
     

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